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May 26, 2016 / 11:20 AM

Raytheon gets SM-6 contract modification

Raytheon awarded $9 million U.S. Navy contract modification for work on the Standard Missile-6 program. Photo courtesy Raytheon

Raytheon awarded $9 million U.S. Navy contract modification for work on the Standard Missile-6 program. Photo courtesy Raytheon

WASHINGTON, May 26 (UPI) -- Raytheon Missile Systems has been awarded a $9 million U.S. Navy contract modification to exercise fiscal 2016 options for Standard Missile-6 production and spares requirements.

The option stems from an earlier contract, the cumulative value of which stood at $573.2 million after a $270 million option was exercised in February of this year.

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The latest work, funded through the Missile Defense Agency, will be undertaken in Arizona and Alabama, with an expected completion date of March 2019.

The SM-6 utilizes the airframe and propulsion elements of the legacy Standard Missile but incorporates the guidance control and advance signal processing of the Advance Medium-Range Air-to-Air Missile, according to Raytheon.

The missile is used on cruisers and destroyers, offering defense against fixed and rotary-wing aircraft, drones, land-attack anti-ship cruise missiles in flight and terminal ballistic missiles.

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